Japan SBI plans Islamic fund

From Reuters: Japan’s SBI Holdings Inc plans to launch an Islamic investment fund worth $112 million as early as next year and to set up an online brokerage firm in India, the financial services conglomerate’s CEO said.

SBI, which generates about half of its revenues from asset management as well as from its brokerage and investment banking business, plans to shore up these core segments by accelerating investment in Asia’s emerging countries………………Full Article: Source